discretion and hence the space for policy errors; (2) human resource policies, capacity building, effective anti-corruption …

corruption. Weak governance undermines economic performance through various channels, including deficiencies in government … performance by improving governance and reducing corruption. This paper estimates that strengthening governance and mitigating … corruption in the region could be associated with large growth dividends in the long run. While the process would take …

Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with … shows that higher corruption is associated with (i) higher public investment; (ii) lower government revenues; (iii) lower … corruption increases public investment while reducing its productivity. These are five channels through which corruption lowers …

The paper discusses some channels through which corruption affects growth such as the impact of corruption on … enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public …

There is increasing recognition that corruption has substantial, adverse effects on economic growth. But if the costs … of corruption are so high, why don’t countries strive to improve their institutions and root out corruption? Why do many … countries appear to be stuck in a vicious circle of widespread corruption and low economic growth, often accompanied by ever …

Recent studies have highlighted the adverse impact of corruption on economic performance. This paper advances the … hypothesis that corruption is largely a symptom of underlying weaknesses in public policies and institutions, a formulation that … provides deeper insights into economic performance than do measures of “perceived corruption.” The hypothesis is tested by …

This paper argues that oil revenue management and public investment in Congo are vulnerable to corruption as a result … of limited transparency and accountability. Corruption has potentially contributed to poor macro-fiscal outcomes. The … paper acknowledges the authorities' anti-corruption efforts made so far and proposes further critical reforms to reduce …

important public service, there is widespread concern that their activities are negatively affected by corruption. However …, there is limited cross-country analysis on the costs of corruption for SOEs. We present new evidence on how corruption … perform as well as private firms in core sectors when corruption is low. Taking advantage of a novel database reforms, we also …